[FSB Warns Crypto Regulatory Arbitrage May Trigger Chain Failures] The Financial Stability Board (FSB) has warned that crypto regulatory arbitrage could lead to chain failures in the global financial system. The FSB pointed out that lax regulations in some countries exacerbate the risks of cross-border flows of crypto assets, threatening overall stability. Previously, the FSB had called for enhanced international cooperation to address systemic risks in the crypto market. (Decrypt)